What I suspect will happen next to Convatec shares
With shares in a volatile uptrend since the pandemic, independent analyst Alistair Strang reveals what his charts say about potentials.
26th November 2025 07:42
by Alistair Strang from Trends and Targets
ConvaTec Group (LSE:CTEC) is a global medical products and tech company. An interesting detail about its share price is their Red uptrend since 2019. Despite a few intraday blips below the trend, extreme care has been taken to ensure the share price closed on the Red line, rather than break below. Our inclination is to take this as a good thing, the market ensuring the price doesn’t trigger a downward cycle.
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At present, closure below just 223p would start ringing alarm bells, risking the trigger of reversals to an initial 202p with our secondary, if broken, at 151p. Visually, there is a pretty good argument to anticipate a bounce by the 202p level.
Conversely, if the market intends to push Convatec upward, which is our suspicion, above 249p should trigger an initial visit to 268p with our secondary, if bettered, at 308p where it becomes crucial for the share to close above 298p and create a “higher high”. This would effectively suggest a future 355p is exerting an attraction!
Source: Trends and Targets. Past performance is not a guide to future performance. Important: Trends and Targets charts only incorporate official share count consolidations, ignoring rights issues where investors have a choice as to whether to participate.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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